As a member of the Corporate Risk Department of UMB Financial Corporation, the Loan Review Officer (LRO) Sr. is responsible for execution of the internal loan review program for UMBFC and its subsidiaries with the purpose of assessing the quality, quantity, direction and overall credit risk in the organization.Under the Director's guidance, the LRO Sr. will participate in planned business unit, vertical and horizontal reviews to assess the asset quality and overall risk management of the loan portfolio.
Loan reviews will include commercial lending, consumer lending, and other extensions of credit as deemed appropriate.The LRO Sr. will: How You Will Spend Your Time:
- Operate within the Loan Review Charter and Loan Review Manual as approved by the UMBFC Board Risk Committee.
- Conduct individual loan reviews within the schedule determined by the Director and approved by the Risk Committee.
- Review individual loans and loan portfolios to:
- Ensure underwriting credit analysis is sound and justifies/mitigates the identified credit risk
- Assess the overall quality of the loan portfolio and the adequacy of loan administration practices by reviewing a pool of individual loans
- Ensure risk rating reliability and timeliness of rating changes
- Identify actual and potential loan problems at the earliest possible time and make recommendations to remediate credit weaknesses
- Measure compliance with established policies/procedures and with laws and regulations
- Interact with loan officers, commercial team leaders, and commercial group managers to discuss and evaluate individual credits, compliance with policy, and appropriateness of loan administration functions.
- Act as Reviewer in Charge by coordinating the review process of a lending unit or portfolio of loans. This includes:
- Identifying the scope of loans to review
- Developing a timeline for the review
- Consolidating the data from the individual loans review
- Writing the Loan Review Report
- Presenting findings to senior and executive management
- Assist with training, development, and mentoring of new associates in the department.
We Are Excited To Talk If You Have: MINIMUM:
- Bachelor's degree in Business, Finance, Accounting, OR an equivalent combination of education and experience
- 8 years commercial banking experience in credit analysis, credit administration, lending or loan review
PREFERRED:
5 years of Loan Review or Bank Examiner experience
Bonus Points If You: - Demonstrate ability to work with highly confidential and sensitive information
- Demonstrate extensive lending knowledge and experience with complex credits
- Demonstrate well developed credit analysis abilities
- Demonstrate the ability to read, analyze and interpret common scientific and technical journals, financial reports and legal documents
Demonstrate strong written and verbal communications
Compensation Ranges: US Employees in California, Washington DC, New Jersey, and New York:
$100,710 - $157,630
US Employees in Colorado, Connecticut, Delaware, Illinois, Massachusetts, Maryland, Minnesota, Pennsylvania, Rhode Island, Texas, Washington, and Wisconsin:
$91,950 - $144,320
US Employees in all other states not listed above:
$83,200 - $131,000
The posted compensation range on this listing represents UMB's good faith and reasonable estimate based on its budget and what it expects to be the starting pay for this role, but the actual compensation may vary by geographic location, experience level, and other job-related factors. Please see the description of benefits included with this job posting for additional information.
UMB offers competitive and varied benefits to eligible associates, such as Paid Time Off; a 401(k) matching program; annual incentive pay; paid holidays; a comprehensive company sponsored benefit plan including medical, dental, vision, and other insurance coverage; health savings, flexible spending, and dependent care accounts; adoption assistance; an employee assistance program; fitness reimbursement; tuition reimbursement; an associate wellbeing program; an associate emergency fund; and various associate banking benefits. Benefit offerings and eligibility requirements vary.
Are you ready to be part of something more? You're more than a means to an end-a way to help us meet the bottom line. UMB isn't comprised of workers, but of people who care about their work, one another, and their community. Expect more than the status quo. At UMB, you can expect more heart. You'll be valued for exactly who you are and encouraged to support causes you care about. Expect more trust. We want you to do the right thing, no matter what. And, expect more opportunities. UMBers are known for having multiple careers here and having their voices heard.
UMB and its affiliates are committed to inclusion and diversity and provide employment opportunities to all employees and applicants for employment without regard to race, color, religion, sex (including gender, pregnancy, sexual orientation, and gender identity), national origin, age, disability, military service, veteran status, genetic information, or any other status protected by applicable federal, state, or local law. If you need accommodation for any part of the employment process because of a disability, please send an e-mail to talentacquisition@umb.com to let us know the nature of your request.
If you are a California resident, please visit our Privacy Notice for California Job Candidates to understand how we collect and use your personal information when you apply for employment with UMB.
#LI-CH1
As a member of the Corporate Risk Department of UMB Financial Corporation, the Loan Review Officer (LRO) Sr. is responsible for execution of the internal loan review program for UMBFC and its subsidiaries with the purpose of assessing the quality, quantity, direction and overall credit risk in the organization.Under the Director's guidance, the LRO Sr. will participate in planned business unit, vertical and horizontal reviews to assess the asset quality and overall risk management of the loan portfolio.
Loan reviews will include commercial lending, consumer lending, and other extensions of credit as deemed appropriate.The LRO Sr. will: How You Will Spend Your Time:
- Operate within the Loan Review Charter and Loan Review Manual as approved by the UMBFC Board Risk Committee.
- Conduct individual loan reviews within the schedule determined by the Director and approved by the Risk Committee.
- Review individual loans and loan portfolios to:
- Ensure underwriting credit analysis is sound and justifies/mitigates the identified credit risk
- Assess the overall quality of the loan portfolio and the adequacy of loan administration practices by reviewing a pool of individual loans
- Ensure risk rating reliability and timeliness of rating changes
- Identify actual and potential loan problems at the earliest possible time and make recommendations to remediate credit weaknesses
- Measure compliance with established policies/procedures and with laws and regulations
- Interact with loan officers, commercial team leaders, and commercial group managers to discuss and evaluate individual credits, compliance with policy, and appropriateness of loan administration functions.
- Act as Reviewer in Charge by coordinating the review process of a lending unit or portfolio of loans. This includes:
- Identifying the scope of loans to review
- Developing a timeline for the review
- Consolidating the data from the individual loans review
- Writing the Loan Review Report
- Presenting findings to senior and executive management
- Assist with training, development, and mentoring of new associates in the department.
We Are Excited To Talk If You Have: MINIMUM:
- Bachelor's degree in Business, Finance, Accounting, OR an equivalent combination of education and experience
- 8 years commercial banking experience in credit analysis, credit administration, lending or loan review
PREFERRED:
5 years of Loan Review or Bank Examiner experience
Bonus Points If You: - Demonstrate ability to work with highly confidential and sensitive information
- Demonstrate extensive lending knowledge and experience with complex credits
- Demonstrate well developed credit analysis abilities
- Demonstrate the ability to read, analyze and interpret common scientific and technical journals, financial reports and legal documents
Demonstrate strong written and verbal communications
Compensation Ranges: US Employees in California, Washington DC, New Jersey, and New York:
$100,710 - $157,630
US Employees in Colorado, Connecticut, Delaware, Illinois, Massachusetts, Maryland, Minnesota, Pennsylvania, Rhode Island, Texas, Washington, and Wisconsin:
$91,950 - $144,320
US Employees in all other states not listed above:
$83,200 - $131,000
The posted compensation range on this listing represents UMB's good faith and reasonable estimate based on its budget and what it expects to be the starting pay for this role, but the actual compensation may vary by geographic location, experience level, and other job-related factors. Please see the description of benefits included with this job posting for additional information.
UMB offers competitive and varied benefits to eligible associates, such as Paid Time Off; a 401(k) matching program; annual incentive pay; paid holidays; a comprehensive company sponsored benefit plan including medical, dental, vision, and other insurance coverage; health savings, flexible spending, and dependent care accounts; adoption assistance; an employee assistance program; fitness reimbursement; tuition reimbursement; an associate wellbeing program; an associate emergency fund; and various associate banking benefits. Benefit offerings and eligibility requirements vary.
Are you ready to be part of something more? You're more than a means to an end-a way to help us meet the bottom line. UMB isn't comprised of workers, but of people who care about their work, one another, and their community. Expect more than the status quo. At UMB, you can expect more heart. You'll be valued for exactly who you are and encouraged to support causes you care about. Expect more trust. We want you to do the right thing, no matter what. And, expect more opportunities. UMBers are known for having multiple careers here and having their voices heard.
UMB and its affiliates are committed to inclusion and diversity and provide employment opportunities to all employees and applicants for employment without regard to race, color, religion, sex (including gender, pregnancy, sexual orientation, and gender identity), national origin, age, disability, military service, veteran status, genetic information, or any other status protected by applicable federal, state, or local law. If you need accommodation for any part of the employment process because of a disability, please send an e-mail to talentacquisition@umb.com to let us know the nature of your request.
If you are a California resident, please visit our Privacy Notice for California Job Candidates to understand how we collect and use your personal information when you apply for employment with UMB.
#LI-CH1
